The best low-cost airline in the world is taking on Amazon and international banking
Sixteen years ago, Tony Fernandes, with a small group of intrepid entrepreneurs, took over a failing Malaysian Government-owned airline for $0.25 and the promise to assume its $11 million in debt.
Since then, AirAsia has helped bring affordable flying to the masses in South East Asia.
In the process, the Kuala Lumpur, Malaysia-based company has become one of the most disruptive forces in commercial aviation history while making the always affable Fernandes a rockstar in the business world.
What started as a two-plane operation has now expanded to a fleet of more than 150 Airbus A320 jets with another 200 aircraft on order.
And for the past nine years, AirAsia has been named the best low-cost airline in the world by Skytrax and its reviewers.
Read full story: businessinsider.com
Posted: 19 Nov 2017 17:19:23